Nick V. Caldwell Sells 68,727 Shares of Peloton Interactive, Inc. (NASDAQ:PTON) Stock

Peloton Interactive, Inc. (NASDAQ:PTON) insider Nick V. Caldwell sold 68,727 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $6.59, for a total value of $452,910.93. Following the transaction, the insider now directly owns 474,234 shares in the company, valued at approximately $3,125,202.06. This represents a 12.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Peloton Interactive Trading Down 2.0 %

PTON stock traded down $0.13 during trading on Tuesday, reaching $6.46. The stock had a trading volume of 16,245,529 shares, compared to its average volume of 15,822,443. Peloton Interactive, Inc. has a 1-year low of $2.70 and a 1-year high of $10.90. The firm has a fifty day moving average price of $8.07 and a 200 day moving average price of $7.46. The company has a market capitalization of $2.52 billion, a P/E ratio of -8.39 and a beta of 1.95.

Peloton Interactive (NASDAQ:PTON) last issued its quarterly earnings results on Thursday, February 6th. The company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.04). Sell-side analysts predict that Peloton Interactive, Inc. will post -0.36 EPS for the current year.

Wall Street Analyst Weigh In

PTON has been the topic of several recent analyst reports. The Goldman Sachs Group increased their target price on Peloton Interactive from $8.00 to $10.00 and gave the stock a “neutral” rating in a research report on Monday, February 10th. Telsey Advisory Group reiterated a “market perform” rating and set a $11.00 price objective on shares of Peloton Interactive in a report on Monday, February 3rd. Macquarie reiterated a “neutral” rating and set a $9.00 price objective on shares of Peloton Interactive in a report on Monday, February 10th. Argus upgraded shares of Peloton Interactive from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a report on Tuesday, February 11th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Peloton Interactive in a report on Thursday, February 6th. Fifteen analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $8.69.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Townsquare Capital LLC raised its stake in Peloton Interactive by 6.5% during the fourth quarter. Townsquare Capital LLC now owns 19,280 shares of the company’s stock valued at $168,000 after buying an additional 1,172 shares in the last quarter. PDT Partners LLC raised its position in shares of Peloton Interactive by 0.7% during the 3rd quarter. PDT Partners LLC now owns 205,573 shares of the company’s stock worth $962,000 after purchasing an additional 1,373 shares during the period. Comerica Bank raised its position in shares of Peloton Interactive by 29.1% during the 4th quarter. Comerica Bank now owns 6,164 shares of the company’s stock worth $54,000 after purchasing an additional 1,389 shares during the period. Cetera Investment Advisers raised its position in shares of Peloton Interactive by 9.1% during the 4th quarter. Cetera Investment Advisers now owns 17,144 shares of the company’s stock worth $149,000 after purchasing an additional 1,432 shares during the period. Finally, Victory Capital Management Inc. raised its position in shares of Peloton Interactive by 3.8% during the 4th quarter. Victory Capital Management Inc. now owns 42,084 shares of the company’s stock worth $366,000 after purchasing an additional 1,534 shares during the period. Hedge funds and other institutional investors own 77.01% of the company’s stock.

Peloton Interactive Company Profile

Peloton Interactive, Inc operates interactive fitness platform in North America and internationally. The company offers connected fitness products with touchscreen that streams live and on-demand classes under the Peloton Bike, Peloton Bike+, Peloton Tread, Peloton Tread+, Peloton Guide, and Peloton Row names.